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Small and mid-sized I-banks are cashing in on the IPO boom. This reflects the increased activity in the IPO market and the role of investment banks in facilitating these…
Karnataka honored 38 MSMEs for innovation at Invest Karnataka 2025. This recognition highlights the state's efforts to promote and support small and medium-sized enterprises. It…
The IT Ministry extended the deadline for feedback on data protection rules to March 5. This extension provides stakeholders with more time to provide input on the proposed…
A fake notification regarding minimum legal service fees by the BCI circulated on social media. This highlights the spread of misinformation online. It underscores the need for…
The Delhi High Court declared the KG basin arbitral award in favor of Reliance as "patently illegal." This ruling sets aside a significant financial award and raises questions…
FM Nirmala Sitharaman stated that the new Income Tax Bill aims for clarity and simplification. This suggests the government's intention to make tax laws easier to understand and…
The Income Tax Bill 2025 shifts Section 80C deductions to Clause 123. This change in the organization of the tax code might impact how taxpayers claim these deductions. It…
The Income Tax Department launched a utility to compare the 1961 Act with the Income Tax Bill 2025. This tool allows taxpayers to easily identify changes between the existing and…
The new Income Tax Bill 2025 retains the scope for taxation of virtual digital assets. This indicates the government's continued focus on taxing cryptocurrencies and NFTs. It…
The new Income Tax Bill retains the old tax regime while aiming for simpler tax laws. This gives taxpayers the option to continue using the existing regime. The focus on…
The CBIC issued clarifications on GST rates and classifications following the 55th GST Council meeting. These clarifications provide guidance to businesses on the applicable GST…
The Income Tax Bill proposes to tax the transfer of crypto assets and NFTs. This clarifies the tax implications of transactions involving these digital assets. It aims to bring…
The ITAT slammed a trust for inaction and dismissed its appeal due to delay. This decision emphasizes the importance of timely action in legal proceedings. It underscores the need…
The Supreme Court ruled that a reduction in a subsidiary's share capital constitutes a transfer under the Income Tax Act. This clarifies the tax implications of such transactions.…
The ITAT found that an assessee is entitled to a deduction despite a violation of scheme conditions. This decision highlights the importance of considering the specific facts and…
The CBIC blamed network failure for the cessation of its operations. This incident highlights the challenges of relying on technology for critical operations. It underscores the…
The Lok Sabha Speaker formed a select committee to review the Income Tax Bill 2025. This indicates a thorough examination of the proposed legislation. It allows for detailed…
Pre-CIRP electricity dues expire upon approval of the resolution plan under the IBC, according to the NCLAT. This ruling clarifies the treatment of pre-CIRP dues in insolvency…
The NCLAT ruled that resolution professionals cannot admit claims based on uninvoked guarantees. This decision clarifies the admissibility of claims in insolvency proceedings. It…
The CESTAT upheld a multi-crore excise demand due to fraudulent refund claims and CENVAT credit misuse. This decision highlights the strict approach to dealing with tax fraud. It…
The NCLT ruled that an exclusive supply agreement does not establish a creditor-debtor relationship under the IBC. This clarifies the criteria for establishing such a relationship…
The NCLAT ruled that a liquidator can decide to proceed with a private sale by the Swiss challenge method. This decision provides guidance on the sale of assets during…
The Jammu and Kashmir High Court upheld an arbitration award, ruling that a contract deemed renewed based on performance criteria cannot be unilaterally terminated after the…
The Kerala High Court discussed the reference to KAAPA in the IPC and BNS. This highlights the interplay between different legal frameworks and their applicability in specific…
The Kerala High Court discussed interrogatories and viva voce examination. This clarifies the procedures involved in legal proceedings. It provides guidance on the examination of…
The Jammu and Kashmir High Court upheld compensation awarded to a victim hit by tear gas fired by police, stating that criminal justice would look hollow if justice is not done to…
The Calcutta High Court granted bail to Delhivery executives booked under the NDPS Act for transporting illicit goods, stating that they did not have conscious possession. This…
The Madras High Court stayed a single judge's order concerning a customs officer's "thali." This stay suggests the court will review the earlier order, possibly concerning its…
The Bombay High Court granted bail to a murder accused who was an undertrial for nine years. This decision highlights the issue of prolonged pre-trial detention and the importance…
The Allahabad High Court reiterated that Section 36 of the Arbitration Act, as amended, applies to pre-amendment Section 34 applications. This clarifies the applicability of the…
The Union government informed the Supreme Court that the feasibility of introducing a uniform sentencing policy has been referred to the Law Commission. This indicates a potential…
The Supreme Court observed that the principle of functus officio does not apply to a rule-making authority but applies to judicial or quasi-judicial authorities. This distinction…
The Supreme Court addressed the NCPCR's locus standi in filing a complaint under the MP Freedom of Religion Act. This ruling clarifies the legal standing of the NCPCR to intervene…
The Supreme Court directed states to implement amicus curiae suggestions on the e-prisons project. This directive aims to improve the functioning of e-prisons and enhance prison…
The Supreme Court flagged high fees without substantial relief, stating that exorbitant litigation costs must not hinder access to justice. This concern highlights the financial…
The Supreme Court clarified that filing a fresh bail application after rejection of an earlier plea or cancellation of bail is a matter of right. This clarifies the legal…
The Supreme Court ruled that marks of other candidates in a public examination can be disclosed under the RTI Act in the public interest. This decision promotes transparency in…
MAHARERA directed Piramal Estates to refund money paid by three homebuyers after deducting 2% of the total consideration amount. This order provides relief to homebuyers who faced…
The Thrissur District Commission held Nokia and its dealer liable for selling a phone with manufacturing defects, ordering a refund and compensation. This decision protects…
The Kupwara District Consumer Disputes Redressal Commission held a Dost gas agency liable for deficiency in service, awarding compensation to a registered consumer. This case…
The Delhi High Court ruled that disabling a regional lock on a phone to allow use outside India does not make it "used goods" ineligible for duty drawbacks. This clarifies the…
A Bengaluru court handed over Jayalalitha's seized ornaments and gold to the Tamil Nadu government. This decision marks the culmination of a long legal process related to the…
The Delhi High Court expressed concern about the misuse of Section 498A IPC to harass the husband and his family. This highlights the ongoing debate about the misuse of this…
The Calcutta High Court allowed an RSS rally despite the state's objections. This decision emphasizes the importance of freedom of speech and expression and the right to hold…
The Supreme Court warned against the casual invocation of the Uttar Pradesh Gangsters Act. This caution highlights concerns about the potential misuse of this stringent law. It…
The Supreme Court imposed ₹5,000 costs on five states and one union territory for failing to report on POSH Act compliance. This action emphasizes the importance of complying with…
The Bombay High Court granted bail to a 70-year-old accused in a human sacrifice case. This decision highlights the factors considered by courts when granting bail, even in…
The Jammu and Kashmir High Court observed that NDPS probes are often entrusted to incompetent officers. This raises concerns about the quality of investigations in drug-related…
The ITAT upheld the CITA's deletion of a crore cash sales addition post-demonetization. This decision highlights the challenges of dealing with cash transactions during and after…
The ITAT held that Section 145 of the Income Tax Act cannot be invoked without identifying specific defects in the books. This clarifies the conditions for invoking this section.…
Small and mid-sized I-banks are cashing in on the IPO boom. This reflects the increased activity in the IPO market and the role of investment banks in facilitating these…
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